International Gas Union Security of Supply; Another Perspective Ernesto A. López Anadón President of International Gas Union World Forum Regulation III.

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Presentation transcript:

International Gas Union Security of Supply; Another Perspective Ernesto A. López Anadón President of International Gas Union World Forum Regulation III 10 October 2006

A long-term view Source: EIA (International Energy Outlook 2006) EIA projects a strong growth for worldwide energy demand

China‘s & India‘s share in World Energy Consumption will increase greatly % of World Energy consumption Data: EIA 2006, Data for 2050 extrapolated by average annual percentage change rate of

Fossil Fuels keep their Importance Source: EIA (International Energy Outlook 2006) Fossil fuels will remain the dominant ones throughout the next thirty years Gas and coal will probably increase their market shares

Market Power I Source: EIA (2005) A group of few countries concentrates approximately 70% of oil and gas proved reserves

Market Power II Source: EIA (2004) … but another group of few countries concentrates more than 60 % of energy consumption

The key … should be international cooperation in energy terms

What is needed Rational energy use Efficiency in energy use Efficiency in supply (production, transportation, distribution) Environmental consideration included in consumer’s cost Business climate that allows investments

Thank you for your attention! See you in Buenos Aires! 24 rd World Gas Conference and Exhibition October 5 –